With Freeway, traders now can customize algorithms (called Jobs) in either Java or Scala code. These âJobsâ will execute trades, dynamically reconfigure themselves based on changing market conditions, and perform market analysis, including historical comparisons and risk monitoring.

âFor the first time, traders have the speed of automated execution, combined with the power of the human decision-making process,â said Hazem Dawani, CEO and co-founder of OptionsCity Software. âFreeway uses the latest technology and architecture to achieve the highest possible throughput and lowest possible latency, along with a fully customizable interface.â

Freewayâs key benefits:

â¢ High performance: Freewayâs ultra-low latency and micro-second execution enable traders to monitor trades in real time and quickly react to changing market conditions. â¢ Environment: Freeway offers traders and developers a complete environment to easily and quickly build, test and simulate, deploy, and execute algorithms. Using a simple API for algorithmic development, developers and traders can customize algorithms (called Jobs) in either Java or Scala code.

â¢ Intuitive Interface: Much like a car dashboard, the easy-to-use interface allows traders to quickly monitor and set limits for which they deploy and control hundreds of custom âJobs,â based on customized algorithms. Traders are able to customize their dashboard by adding probes and graphical displays to analyze market information, signal running Jobs real-time and monitor Job performances, bringing to life the power of the human decision-making process and the speed of automated execution.

â¢ Connectivity: Servers collocated next to the exchange matching engines, allowing for direct exchange access across many exchanges.

â¢ Integration: Freeway fully integrates with OptionsCity Metroâs centralized server-based risk management to monitor the risk associated with Freeway trades. It lays out risk across a span of underlying prices as well as various âwhat ifâ scenarios, all on one simple-to-use, intuitive platform. Freeway is the âiTunesâ of Algorithms

Unique to OptionsCity Freeway is The Algo Store, an online algorithm repository. This collaborative environment provides a market for traders to create, purchase and download algorithms, as well as view various algorithm examples. Third-party quantitative analysts are able to use The Algo Store to write and sell algorithms or components to traders around the world.

âRightly so, traders and programmers are protective of their Algo trading strategies,â said Dawani. âThe Algo Store will change the way the Algo process is done; it provides pieces of code for basic trade characteristics, allowing programmers to create new algorithms faster and react more quickly to changing market conditions.â

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